CORAL IS WORTH MORE THAN GOLD

[NoahLikesFish]

i just did the math and a bounce mushroom is worth its weight in gold lol

 

[T-J]

And if people stop paying these insane prices, they'll start coming down to reasonable levels.
It's only worth what someone is willing to pay...

 

[hds4216]

And if people stop paying these insane prices, they'll start coming down to reasonable levels.
It's only worth what someone is willing to pay...

The argument is that if people are willing to pay that, then that's their genuine value lol.

 

[NoahLikesFish]

And if people stop paying these insane prices, they'll start coming down to reasonable levels.
It's only worth what someone is willing to pay...

good idea

 

[andrecr]

The argument is that if people are willing to pay that, then that's their genuine value lol.

And the same about gold… search / demand makes its value

 

[NoahLikesFish]

And the same about gold… search / demand makes its value

i think what i am going to do is make corals out of gold and put them in my tank because gold cant rust

 

[Cell]

And the same about gold… search / demand makes its value

Not really. The Gold market is heavily manipulated.

 

[MichaelReefer]

I love coral as much as the next guy, but I cant fathom how someone is willing to spend hundreds on one frag. I mean, I guess maybe its because I'm 29 and starting a family, but my lord.

 

[Cell]

Lots of people with lots of disposable income

 

[MichaelReefer]

Even if I had crazy income, I still wouldn't haha. I am pretty well off, and my lady makes a lot.

 

[burningmime]

Still don't fully understand the bounce mushroom market. They're very easy to grow and propogate and more resillient than something like SPS or even Euphyllia (aussie golds are as expensive as bounce mushrooms, but at least in that case they take longer to grow, require more testing/dosing, and may die to BJD or other diseases/parasites). They're also not a closing window of wild-collected-only like Acanthophyllia or Scolymia. Bounces were/have come down, maybe it's just new reefers that have bought into them?

 

[dhnguyen]

thought about it, however I ended up switching from Kalk to 2 part dosing. When I was using Kalk I had to supplement alk anyways because it couldn't keep my tank high enough. So figured, "why not go full 2 part."

Um what?

 

[MichaelReefer]

Um what?

Lol I had two posts up and accidently posted on the wrong one. I fixed it lol

 

[andrecr]

Not really. The Gold market is heavily manipulated.

Yes it's manipulated by the suppliers, the same as corals. The only difference is that gold is manipulated by the amount they want to sell, coral suppliers do that plus they manipulate prices by adding a cool name to a good looking coral

 

[MONTANTK]

Still don't fully understand the bounce mushroom market. They're very easy to grow and propogate and more resillient than something like SPS or even Euphyllia (aussie golds are as expensive as bounce mushrooms, but at least in that case they take longer to grow, require more testing/dosing, and may die to BJD or other diseases/parasites). They're also not a closing window of wild-collected-only like Acanthophyllia or Scolymia. Bounces were/have come down, maybe it's just new reefers that have bought into them?

The frags they sell are very tiny. Most reefers probably don’t mind spending $200 on a dime sized WWC mushroom since they grow quick. It’s much easier to maintain frags at a $200-300 price point than $500+. As long as someone is willing to buy those $200 frags, prices will stay the same.

 

[Pntbll687]

I love coral as much as the next guy, but I cant fathom how someone is willing to spend hundreds on one frag. I mean, I guess maybe its because I'm 29 and starting a family, but my lord.

I'm in the same boat as you. I'm 33, two little kids running around, and a reef tank.

My upper limit is about $200, and I gotta be gettin something with some size to it.

 

[Saltyreef]

Yes it's manipulated by the suppliers, the same as corals. The only difference is that gold is manipulated by the amount they want to sell, coral suppliers do that plus they manipulate prices by adding a cool name to a good looking coral

Youve clearly never seen "commemorative collections", limited edition releases or been a part of a US mint "drop".

Quite recently last year the mint released limited edition v75 stamped gold eagles for a few hundred over spot. ($2400 at the time)

They were reselling for $15k on ebay 2 days before they were even released lol.

 

[Tamberav]

I prefer silver or platinum myself

 

[Saltyreef]

I prefer silver or platinum myself

Silver is where its at. Still not close to its potential
Buy all you can before it takes off.

Same for cardano LOL.

 

[elysics]

I love coral as much as the next guy, but I cant fathom how someone is willing to spend hundreds on one frag. I mean, I guess maybe its because I'm 29 and starting a family, but my lord.

Better they buy coral than another set of cufflinks for just as much or ten times more...

Think about it like this, the more people that buy them, the faster the price will go down and we can get our hands on them sooner